The Globe and Mail reports in its Wednesday, April 22, edition that North American consumer demand for automobiles remained strong in the first quarter, and TD Cowen analyst Brian Morrison anticipates few negative surprises during the earnings season. The Globe's David Leeder writes in the Eye On Equities column that Mr. Morrison has reaffirmed his "buy" recommendation for Magna International. Mr. Morrison continues to target the shares at $75 (all figures U.S.). Analysts on average target the shares at $66.46. Mr. Morrison says in a note: "While Magna does not represent the most upside to our supplier target prices, it remains our top pick currently due to the uncertain macro environment/trading liquidity relative to the group. We forecast in a flat production environment that Magna can drive margin/FCF improvement through operating efficiencies/improving contract economics. This, along with strong FCF/financial position, supports its active NCIB. Upon visibility that the consumer can remain resilient, this should support improvement to its below-average valuation." The Globe reported on April 29 Mr. Morrison had reaffirmed his "buy" recommendation for Magna International. The shares could then be had for $35.01.